Williams F1
Jun 9

F1: Perez defends himself after being penalized for collision

Sergio Perez walks away from his Force India after a collision with Felipe Massa in the final lap of the Canadian GP. (Photo: Charles Coates/LAT Photographic)

Sergio Perez walks away from his Force India after a collision with Felipe Massa during the final lap of the Canadian GP. (Photo: Charles Coates/LAT Photographic)

Sergio Perez and Force India have responded to criticism from Felipe Massa and Williams after the controversial last lap collision between the pair.

Perez was given a five-place grid penalty for Austria, essentially because he appeared to move left just before the incident.

May 3

Maldonado paid $25 million to leave Williams

Maldonado during qualifying for the 2013 Brazilian GP, his final race with Williams. (Photo: Getty Images)

Maldonado during qualifying for the 2013 Brazilian GP, his final race with Williams. (Photo: Getty Images)

A $25 million termination payment from Pastor Maldonado’s sponsor helped Williams to drive back into profit.

The publicly-listed British team released its 2013 financial results on Friday, showing a $20m operating profit despite a poor season on track.

May 2

Formula 1: Williams finding financial stability

Williams has already scored 36 points after the first four F1 races in 2014. In 2013, the team only accumulated 5 points all season. (Photo: Getty Images)

Williams has already scored 36 points after the first four F1 races in 2014. In 2013, the team only accumulated 5 points all season. (Photo: Getty Images)

Williams has announced an improved financial performance in its 2013 annual results.

The group’s overall income increased from £105.8m ($178.3m) to £132.4m ($223.4m), with an EBIT of £12.0m ($20.3m), up from £5.1m ($8.6m). Within those figures, the income of the F1 division rose from to £86.4m ($145.8m) to £108.5m ($183.1).

Apr 22

Massa frustrated by run of bad luck

Felipe Massa's car comes to a rest in the gravel after being hit by Kamui Kobayashi's Caterham at the start of the Australian GP. (Photo: Getty Images)

Felipe Massa’s car comes to a rest in the gravel after being hit by Kamui Kobayashi’s Caterham at the start of the Australian GP. (Photo: Getty Images)

Felipe Massa admits he’s been frustrated by the bad luck that has cost him a lot of points in the early races of the season.

In China he was wet set in sixth when there was a delay at his first pit stop after it was realized that the crew was trying to fit the left rear tire on the right, and vice versa.